Delegation or abrogation: The impossibility of objective social welfare maximisation by government
A model widely used for decisions which have a public interest element is delegation of parliamentary authority to a bureaucratic agency, within the confines of a legislative framework which directs the relevant agents how social welfare should be maximised within the context of the issue at hand....
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| Format: | Working Paper |
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Centre for Research in Applied Economics, Curtin Business School
2008
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| Online Access: | http://hdl.handle.net/20.500.11937/40729 |